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Maxus Global Market

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Operating status: SCAM

Website: https://www.maxusfex.com/en/index

Broker violations and abnormal records
  • 2023-09-21 BrokersView has reviewed that Maxus Global Market is an unregulated broker

    Maxus Global Market uses a website design that is common among scammers. While it claims to be founded in 2011, its domain "maxusfex.com" was first registered in July 2023. This discrepancy between website's age and its claim raises a red flag.

    Maxus Global Market shows an MSB registration license from the Financial Crimes Enforcement Network (FinCEN) to support its claim that it is legitimate. But the FinCEN has explicitly stated that the MSB Registration is not a recommendation, certification of legitimacy, or endorsement of the business by any government agency. This means it is not a valid business or financial license.

    Maxus Global Market is allegedly headquartered in Australia and licensed by the Australian Securities and Investments Commission (ASIC) under AFS number 488828. However, our search for this number in the ASIC register revealed that it belongs to a company named "Star Funds Management Pty Ltd", an entity which seems to be unrelated to Maxus Global Market and is not allowed to deal with forex trading.

    In essence, Maxus Global Market is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. 

    Maxus Global Market is unequivocally a scam.

    Maxus Global Market uses a website design that is common among scammers. While it claims to be founded in 2011, its domain "maxusfex.com" was first registered in July 2023. This discrepancy between website's age and its claim raises a red flag.Maxus Global Market shows an MSB registration license from the Financial Crimes Enforcement Network (FinCEN) to support its claim that it is legitimate. But the FinCEN has explicitly stated that the MSB Registration is not a recommendation, certification of legitimacy, or endorsement of the business by any government agency. This means it is not a valid business or financial license.Maxus Global Market is allegedly headquartered in Australia and licensed by the Australian Securities and Investments Commission (ASIC) under AFS number 488828. However, our search for this number in the ASIC register revealed that it belongs to a company named "Star Funds Management Pty Ltd", an entity which seems to be unrelated to Maxus Global Market and is not allowed to deal with forex trading.In essence, Maxus Global Market is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Maxus Global Market is unequivocally a scam.

Related Complaints

Q&A Complaints

Is Maxus Global Market legit?

Ihab Dharamraj
Jamaica
2023-10-24
ANSWER No, due to the lack of the required licenses, Maxus Global Market is not legitimate.Maxus Global Market employs a website design frequently seen among scammers, a first red flag. It purports to have been established in 2011, yet the domain "maxusfex.com" was only registered in July 2023. This inconsistency between the website's age and its stated history is a cause for concern.To build its credibility, Maxus Global Market displays an MSB registration license from the Financial Crimes Enforcement Network (FinCEN). However, FinCEN has clearly stated that this registration does not constitute a recommendation, certification of legitimacy, or endorsement by any government agency, and thus it does not serve as a valid business or financial license.Maxus Global Market claims to be based in Australia and licensed by the Australian Securities and Investments Commission (ASIC) under AFS number 488828. Yet, our investigation shows that this license is actually held by "Star Funds Management Pty Ltd", a company seemingly unconnected to Maxus Global Market. Furthermore, the license doesn't authorize the company to engage in forex trading.In summary, Maxus Global Market is not overseen by any regulatory authority. Entrusting this broker with investment funds carries significant risk, as there are no legal safeguards to protect these assets. Its customers are at risk of fraud and identity theft. To avoid such substantial risks, we strongly suggest investors stay away from unlicensed brokers and instead choose fully regulated ones.
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2 comments

Abbir Abbir
help
2024-04-19
Reply
Lapheeyawli
Please
2023-12-22
Reply
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